Neapolitan Banks in the Context of Early Modern Public Banks

Francois Velde ()

Chapter Chapter 10 in Financial Innovation and Resilience, 2018, pp 201-241 from Palgrave Macmillan

Abstract: Abstract I examine the Neapolitan public banks, a group of non-profit institutions that emerged in the late sixteenth century, in the context of the early public banks that existed elsewhere in early modern Europe. In terms of size and stability, they compare well with their peers, in spite of a difficult political and economic environment. They were also remarkably financially advanced for their time. Their success is likely due to their ownership structure, governance and well-managed relationship with the monarchical authorities.

Keywords: Early Central Banks; Public Banks; Naples; Bank Governance; Government Debt; Monetary Policy (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1007/978-3-319-90248-7_10

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